Flat corridor 1.1111-1.1160 | 07 سبتمبر 2015
07 سبتمبر 2015, EUR/USD
The daily chart: the pair is in the mid-range of Bollinger envelopes, that, along with low ADX, makes scenario of movement to the upper band (1.1505) and the bottom band (1.0858) equally probable. Yet another option might be a rotation of the price around the middle band (current levels). Such set of scenarios does not allow to make specific trading solutions, so let's check younger charts.
.png "Flat corridor1.1111-1.1160")
Н4: we also have insufficient parameters of ADX here, support is at the lower Bollinger band (1.1071) resistance is on the middle band (1.1219)
.png "Flat corridor 1.1111-1.1160")
Н1: Flat corridor 1.1111-1.1160.
.png "Flat corridor 1.1111-1.1160")
Expectations: Now therefore, we expect a flat day within the range of 1.1111-1.1160.
Solutions: 1) Trade within the channel 1.1111-1.1160. Purchase looks more safe.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
